China’s 30-Year Bond Yields Jump to Highest Level This Year

China’s 30-year yield rose to its highest level this year as expectations of a favorable outcome from trade talks with the US and Beijing’s efforts to bolster the economy spur traders to switch to stocks from bonds.

Yields rose a basis point to 2.12%, the highest since December, according to data compiled by Bloomberg. The move came as China’s CSI 300 Index extended gains to hit its highest level since October, underscoring an increasingly popular rotation between the two markets.